Brazil has a new Procurement Law

A new Procurement Law came into force in Brazil on 1 April 2021. However, the old Procurement Law will also remain in force until 4 April 2023. How do these changes affect...

Brazil’s Data Protection Law is in force

Brazil's General Data Protection Law is a comprehensive piece of legislation addressing data protection in Brazil. It is Brazil's equivalent to Europe's GDPR and California's...

Setting Up a Company in Brazil: a Checklist

A checklist with the key issues you will need to consider when setting up a company in Brazil....

UNCITRAL Model Law on Cross-Border Insolvency in Force in Brazil

On 23 January 2021, Law 14,112/2020 came into force. This Law substantially amended the Brazilian Judicial Recovery and Bankruptcy Law (the “Insolvency Law”), with the key...

WTO’s Agreement on Public Procurement – Brazil seeks submissions

The Brazilian government is seeking submissions from interested private parties and civil society on whether it should join the WTO’s Agreement on Public Procurement (known as...

No income tax withheld on technical services and support on payments to Finland

The Brazilian Federal Revenue Department's new ruling confirms that no income tax is to be withheld on technical and support services supplied from Finland....

Investing in Brazil via a Share Investment Fund (“FIP”)

A share investment fund (fundo de investimento em participações, “FIP”) is a close-ended fund that operates somewhat like an investment trust. It is generally used as a...

Changes to Corporate Rules: Online Meetings and Extended Deadlines

Corporate meetings can now be held partially or totally online. This applies to publicly-held and private companies. ...

Covid-19: Emergency Credit Lines for SMEs

The Brazilian government has announced a new credit line worth R$4 billion to provide funding for the payroll at small and medium-sized enterprises as a way to assist them to...

Contract Law: Force Majeure and Hardship in Brazil

Quick read: The coronavirus (COVID-19) outbreak has caused major disruptions to businesses around the world, especially to supply chains and sales. Brazilian law can protect...